No down payment as long as the sales price is at or below the home’s appraised value (the value set for the home after an expert review of the property).

No loan limit with full entitlement if you can afford the loan, VA will back loans in all areas of the country, regardless of home price.

Competitive terms and interest rates from private banks, mortgage lenders, or credit unions.

PMI is a type of insurance that protects the lender if the borrower ends up not being able to pay the mortgage. It’s usually required on conventional loans if the down payment is less than 20% of the total mortgage amount.

Fewer closing costs, which may be paid by the seller, lender, or any other party. Not having to pay PMI could save a borrower on their monthly mortgage payment.

No penalty fee for paying off the loan early. That means you can pay the loan off early and not incur penalties! Save money by investing in yourself!